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2016-10-10 10:50:01

10:50

10/10/16

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10:50

10/10/16

10:50

Oil prices have rallied into one-year high territory

Oil prices have rallied into one-year high territory after Putin said that Russia will join the Opec production cut. Brent crude is near 20 cents off its highs but up by 3.1% at $53.55 presently. The October 2015 high is at $54.05. The NYMEX benchmark is up by 3.5% at $51.55.